New year, new goals, and new adventures!
If one of your 2016 goals is to enter the real estate market either as a buyer or seller, there are some trends to be aware of.
1. Right now, inventory is low in many areas, resulting in a sellers market. Sounds weird to some, but true! It's predicted more homes will come on the market early 2016... we shall see
2. Mortgage interest rates are on the rise, but still low. Lenders are offering more and more loan programs (and new ways of measuring your credit!) too. So if you've been putting it on hold, buying a home could be an achievable goal for you this year!
3. Selling your home? According to National Association of Realtors (NAR) 2015 survey, Buyers are looking for a fireplace, hardwood flooring, and granite countertops. Also, 2015 a new roof is #1 best return on investment. Keep these in mind when determining your asking price.
Looking for more tips? Contact me for information based on your specific needs.
sources:
http://www.realtor.com/news/trends/hot-list-of-home-features-in-2015/?platform=hootsuite
https://www.redfin.com/blog/2015/12/five-2016-housing-market-predictions-redfin.html#.VoPiBGQrIy7
If one of your 2016 goals is to enter the real estate market either as a buyer or seller, there are some trends to be aware of.
1. Right now, inventory is low in many areas, resulting in a sellers market. Sounds weird to some, but true! It's predicted more homes will come on the market early 2016... we shall see
2. Mortgage interest rates are on the rise, but still low. Lenders are offering more and more loan programs (and new ways of measuring your credit!) too. So if you've been putting it on hold, buying a home could be an achievable goal for you this year!
3. Selling your home? According to National Association of Realtors (NAR) 2015 survey, Buyers are looking for a fireplace, hardwood flooring, and granite countertops. Also, 2015 a new roof is #1 best return on investment. Keep these in mind when determining your asking price.
Looking for more tips? Contact me for information based on your specific needs.
sources:
http://www.realtor.com/news/trends/hot-list-of-home-features-in-2015/?platform=hootsuite
https://www.redfin.com/blog/2015/12/five-2016-housing-market-predictions-redfin.html#.VoPiBGQrIy7
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